UK jobs market remains resilient

Umbrella company contractors might be interested to learn that average advertised vacancies reached a 19 month high, which is the highest number recorded in nearly two years.

According to the report, average salaries in London have shown a 0.2% rise – the first annual increase since July 2015 and Winchester has become one of the best cities to find work with its improved jobs market.

Doug Monro, co-founder of Adzuna, commented on these recent findings, “The rise in the number of vacancies highlights the resilience of the UK jobs market. Jobseekers are spoiled for choice by the expanding opportunities available. Although salary growth remains stagnant in most regions, it is encouraging to see London join Eastern England, Northern Ireland and Wales as an area where the green shoots of recovery are visible. With more than a quarter of a million openings in London at present, there are plenty of opportunities for modern day Dick Whittingtons to see if the capital’s streets really are paved with gold.

“Recent warnings suggest that the UK may be on track for an economic slowdown, but it is hoped that a clear-cut immigration strategy is to become the backbone of the UK economy. With vacancies on the rise, this calls for further investment into new and innovative sectors that will stimulate the economy and boost wage growth. Recent announcements from BMW and Amazon provide a further shot in the arm for the UK jobs market and could well motivate other blue-chip companies to follow suit.”

Alastair Stallwood is an Apprentice for ContractorUmbrella Ltd, one of the UK’s Most Respected Umbrella Companies.